← Cheddars Casual Cafe /

Financials

MB750006
Dashboard › Cheddars Casual Cafe › Financial Intelligence

Cheddars Casual Cafe

5855 S PADRE ISLAND DR, Corpus Christi, TX 78412 · TABC MB750006

Mixed Beverage Corpus Christi Market Enriched 2026-07-12
$256,201 Annual gross (L12M) ▲ 36.5% latest MoM Click for monthly detail
$21,350 Avg monthly ▲ 23.0% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $71,419/yr est. net Click for cost model
$179k–$250k Est. acquisition range 0.84× annual gross (blended) Click for valuation methods
Liquor sales only — total revenue is higher
Every dollar on this page comes from Mixed Beverage Gross Receipts filings — the alcohol portion of total sales. For a Coffee Shop, liquor is typically only 10–25% of total business revenue. Mostly non-alcohol; small bar program. Estimated total revenue (rough): $1,024,804 – $2,562,010/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Cheddars Casual Cafe My bars

Executive Summary

Click to expand full narrative

Cheddars Casual Cafe is a mixed-beverage licensed establishment at 5855 S PADRE ISLAND DR, Corpus Christi, Texas (TABC MB750006). Over the most recent 12 months it reported $256,201 in gross alcohol sales, averaging $21,350/month with a best month of $27,663. Sales mix: ~80% liquor · 18% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $71,419 (~28% margin). Acquisition value is estimated at $179k–$250k across revenue-multiple, SDE-multiple, and cap-rate methods. All revenue figures are gross mixed-beverage receipts as filed with the Texas Comptroller; they exclude cash income such as cover charges, game machines, or merchandise.

Sales performance · last 12 months

Texas Comptroller mixed-beverage gross receipts actual

Annual gross
$256,201
Avg monthly
$21,350
Best month
$27,663
Mar 2026
Sales mix
80% Liq
18% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$2,242/mo
NNN CAM / insurance$336/mo
Total occupancy$2,674/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $256,201 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$256,201
COGS (24%)−$61,488
Labor (14%)−$35,868
Occupancy−$28,878
TX MB gross tax (6.7%)−$17,165
Utilities / ins / mktg (8%)−$20,496
Card surcharge net+$2,818
Net profit $95,124
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$256,201
COGS (27%)−$69,174
Labor (17%)−$43,554
Occupancy−$32,086
TX MB gross tax (6.7%)−$17,165
Utilities / ins / mktg (10%)−$25,620
Card surcharge net+$2,818
Net profit $71,419
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$256,201
COGS (30%)−$76,860
Labor (22%)−$56,364
Occupancy−$35,295
TX MB gross tax (6.7%)−$17,165
Utilities / ins / mktg (12%)−$30,744
Card surcharge net+$2,818
Net profit $42,590
Disclaimer: Revenue is mixed-beverage gross receipts from the Texas Comptroller — it does not include cash income like door charges, game machines, merchandise, or event rentals (which can add 10–25% for nightclubs). Cost ratios are industry benchmarks for Texas MB-permit bars. Rent is estimated from submarket comps; property tax is from county public records pro-rated by square footage. Actual profit depends on lease terms, staffing, owner salary, and one-time costs.

Owner income estimator

Split likely net profit across ownership estimated

TABC licensee Cheddar's Casual Cafe INC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $71,419/year. Actual owner income depends on salary draws, distributions, debt service, and tax structure. Consult an accountant for actual income projections.

Acquisition value estimate

Based on most-likely scenario (~$71,419 net) estimated

Revenue multiple
$128k–$205k
0.5–0.8× gross
SDE multiple
$179k–$250k
2.5–3.5× earnings
Cap rate
$216k–$286k
25–33%
Suggested range
$179k–$250k
blended estimate
The numbers above are liquor-only: bar-style multiples applied to mixed-beverage receipts. They're the right answer for a pure bar/lounge — but for a restaurant, this is just one slice of total enterprise value (the bar program). See the food-business estimate below.
Full-business estimate · Coffee Shop

If you're buying the whole restaurant, not just the bar program

We estimate this coffee shop pulls $1,024,804–$2,562,010/yr in total revenue (your liquor portion of $256,201 is roughly 10–25% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$1,025k–$2,562k
food + liquor + service
Estimated net (10–15%)
$102k–$384k
restaurant margin
Full-business value
$282k–$1,409k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-09-22

No federal lawsuits — past or pending